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1. 71-Acre Building Lot in Desirable West Somers Park. Don't miss this exceptional opportunity to build your dream home on a beautiful 1. 71-acre parcel in the highly sought-after West Somers Park neighborhood. This spacious lot offers the perfect setting for a custom home surrounded by established homes in a peaceful, picturesque setting. The property previously received Board of Health approval in 1995 for the construction of a 4-bedroom home. That approval has since expired, and the buyer will need to reapply and obtain new approvals through the appropriate agencies. Two Separate lots available. (129 Tomahawk Street RT. 118) Whether you're looking to build your forever home or invest in one of the area's most desirable neighborhoods, this property offers outstanding potential. Enjoy the privacy of a generous 1. 71-acre lot while being conveniently located near schools, shopping, parks, and major commuting routes. A rare opportunity to own a prime homesite in West Somers Park. Bring your vision and create the home you've always imagined!
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Our Executive Mortgage Banker:
$399,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.697% | 6.650% | 5.992% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,939 | $2,018 | $2,651 |
| Total Monthly Payment | $2,014 | $2,093 | $2,726 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.